"Let me add, that it is the great desideratum, by which this form of Government can be rescued from the opprobrium under which it has so long labored, and be recommended to the esteem and adoption of mankind." Federalist 10, James Madison

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Saturday, October 22, 2011

The Way Forward....

"We use infrastructure as convenient way to create demand...The only was to create demand in a capitalistic society is to create employment...Our monetary policy has not successful because excess supply is so plentiful...What it does it relies on is the government as the employer of last resort. ...We are effectively at that point."